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In "Unprecedented Snub", Saudi Arabia Demands "Recalibration Of Relationship" With U.S.





There is going to have to be "a recalibration of our relationship with America," former Saudi Intelligence Chief Prince Turki Al-Faisal told CNN's Christiane Amanpour. "How far we can go with our dependence on America, how much can we rely on steadfastness from American leadership, what is it that makes for our joint benefits to come together," Turki said in a significant departure from usual Saudi rhetoric. "These are things that we have to recalibrate."

 
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The Saudi 9/11 Blackmail Explained: The K-Street Lobby Racketeers Have It Covered





U.S. officials have warned of “diplomatic and economic fallout from the [looming 9/11] legislation.” So what sort of economic fallout do they envision? Part of the concern is no doubt related to the impact on global financial markets from a Saudi fire sale, but there’s a potentially even bigger concern at play. Specifically, Saudi Arabia pays Washington insiders an exorbitant amount of money to put the monarchy’s interests ahead of what’s best for the American people.

 
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Keynesian Central Bankers - Wrong From The Beginning, But No One To Stop Them





"They really don’t know what they are doing. They never have. And nobody stops them."

 
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Saudi Arabia Admits To John Kerry That It Created ISIS... But There Is A Twist





"After the Iraqi city of Mosul fell to a lightning Isis offensive in 2014, even the late Prince Saud al-Faisal, the respected Saudi foreign minister, remonstrated with John Kerry, US secretary of state, that “Daesh [Isis] is our [Sunni] response to your support for the Da’wa” — the Tehran-aligned Shia Islamist ruling party of Iraq."

 
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Russia Crushes 'Freeze Deal' Hope - "Doubts Any Agreement Possible In Near Future"





Despite a denial by the Russians, and now an outright statement that Russia "doubts any freeze deal is possible in the foreseeable future," crude prices are surging as momo algos jump on every headline!

 
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Eric Hunsader: The Financial System Is "Absolutely, Positively Rigged"





"I've been apoplectic for so long I am just spent. Nothing would surprise me anymore. I really honestly don’t know how this is going to get corrected. I know it can’t continue."

 
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"This Is Catastrophic" - Thousands Of Gallons Of Radioactive Waste Leak At Nuclear Site





Thousands of gallons of radioactive waste leaked from the Hanford Nuclear Reservation Site in Washington State, as workers pumped sludge from the tank during the weekend. "This is catastrophic. This is probably the biggest event to ever happen in tank farm history. The double shell tanks were supposed to be the saviors of all saviors (to hold waste safely from people and the environment),” said former Hanford worker Mike Geffre.

 
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People As Poultry





We live in a lunatic asylum... the lunatics being us.

 
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As Olympics Looms, Governor Warns Rio Is "Close To Social Collapse"





With feces-infested waterways, Zika-carrying mosquitoes, a collapsing economy, and political corruption that runs from top to bottom, Brazil is in trouble. But just a few short weeks ahead of The Olympics, the people are revolting as Sao Paulo state governor Geraldo Alckmin warns "Rio de Janeiro is close to social collapse" after state payments to retirees have not been made. Of course, none of this matters as long as Ibovespa is soaring and Real is strengthening.

 
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Obama Succumbs To Saudi Pressure, Will Veto Sept 11 Lawsuit Bill





Following strong Saudi pressure to scuttle the Sept 11 Bipartisan Bill, the president made it clear on what side he stands when the White House threatened to veto the bipartisan bill to let families victimized by the 9/11 terrorist attacks sue Saudi Arabia while a GOP senator privately sought to block the measure. The White House and State Department are bluntly warning lawmakers not to proceed with the legislation due to "fears" it could have dramatic ramifications for the United States and citizens living abroad to retaliatory lawsuits.

 
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Institutionalized Lying - Why Central Bankers Never See Bubbles





Every day there is more confirmation that the casino is an exceedingly dangerous place and that exposure to the stock, bond and related markets is to be avoided at all hazards. In essence the whole shebang is based on institutionalized lying, meaning that prouncements of central bankers, Wall Street brokers and big company executives are a tissue of misdirection, obfuscation and outright deceit. And they are self-reinforcing, too.

 
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Boston Fed Says "Markets Are Wrong," Rates Are Going Higher, Sooner





Gold and bond prices dropped and stocks popped as yet another open-mouth operation went underway this evening from none other than Boston Fed president Eric Rosengren. Ahead of next week's FOMC meeting, and just days after another Fed president said no April hike, Rosengren spewed firth that "I don't think financial markets have it right." Of course, what this preacher means is that while stock markets are perfectly efficient (and correct), bonds and rate futures areclearly inefficient and "investor outlooks for Fed rate hikes are too pessimistic," because "the US economy is fundamentally sound."

 
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Malaysia CDS Spike After Abu Dhabi Puts Scandal-Ridden 1MDB In Default





The dispute between an Abu Dhabi sovereign fund and Malaysia’s troubled state fund 1MDB over more than $1bn in missing payments hit a crescendo on Monday when the Emirates investment vehicle said its Malaysian counterpart was “in default” on an agreement between the two and terminated the deal.  Promptly thereafter, Malaysia 5 year CDS spiked by 11 bps, the most since March 21, to 163 bps as the market starts to quietly ask whether this ongoing scandal may just drag down the entire Malaysian state.

 
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One Trader Finally Loses It





"A portfolio built to only withstand stress thanks to central bank intervention is one destined to blow-up spectacularly."

 
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